Case Law Details
Case Name : Just Lifestyle (P) Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Just Lifestyle (P) Ltd. Vs DCIT (ITAT Mumbai)
The provision of section 79 of the Act, clearly specify that no loss incurred by a closely held company in any year prior to the previous year in which a change in its shareholding took place, is allowed to be carried forward and set off against its income, unless the condition mentioned in that section are satisfied. The first condition is that on the last day of the previous year, there is no change in the beneficial holding of the shares of the company, carrying not less than
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.